Reinsurance News
Climatic natural disasters caused global economic losses of $275 billion in 2022, and this trend is anticipated to continue as economic growth and property development increase the exposed economic value, according to Swiss Re. A new report, autho...
Posted: Jan 17, 2024
Amwins, the Charlotte-domiciled global distributor of specialty insurance products and services, has appointed Jason Kunert to the newly created position of Head of Claims. Mark Bernacki, Chief Underwriting Officer, Amwins, commented on the appoin...
Posted: Jan 17, 2024
Bermuda-based international non-life legacy insurance firm Carrick Group Limited has announced that Carrick Re Limited, a Bermuda class 3A reinsurer, has entered into a loss portfolio transfer (LPT) with IRB(Re), on behalf of its UK Branch, ahead...
Posted: Jan 17, 2024
Xceedance, a prominent global provider of strategic operations support, technology, and data services for insurance organisations, has announced the appointment of Peter Flynn as Senior Vice President, Personal Lines, Americas. This strategic move...
Posted: Jan 17, 2024
Aviva has announced the completion of a £140 million bulk purchase annuity full scheme buy-in transaction with the Trustee of the Guilbert UK Retirement Benefits Plan. Aviva has insured the Plan liabilities for around 1,500 members, removing the i...
Posted: Jan 17, 2024
Global re/insurance broker WTW has announced the formation of its Strategic Client Engagement Leaders (SCELs) team, which will focus on driving growth of large, complex clients within the company’s twelve industry vertical divisions of Corporate R...
Posted: Jan 17, 2024
Property and casualty insurer, Great American Insurance Group, has announced the appointment of Gene J. Simpson as President of its California-based workers’ compensation subsidiary, Republic Indemnity. Simpson brings with more than 26 years of in...
Posted: Jan 17, 2024
Managing General Agent (MGA) Rokstone has announced the launch of its new Farm and Ranch Package Policy through Rokstone Farm Risks Underwriting LLC. The bundled product includes Property, Auto and Excess in one package. Ohio-based Rokstone Farm R...
Posted: Jan 17, 2024
Fundamental Global Inc., the company that is being formed out of the merging of FG Financial Group, Inc. and FG Group Holdings Inc., expects to accelerate and grow its reinsurance business, FG Reinsurance (FG Re). This is according to Kyle Cermina...
Posted: Jan 17, 2024
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Ronald Bolaños to the role of Chief Underwriting Officer (CUO), and Manuel Moreno as President, LSM, US and Latin America. Bolaños and Moreno are to remain base...
Posted: Jan 17, 2024
Global specialty (re)insurer Canopius Group has launched a new investment management product for asset managers. According to Canopius, this new product has been developed to respond to shifts in the risk landscape in the “highly regulated&#...
Posted: Jan 17, 2024
Everest Insurance, the insurance arm of Bermuda-based Everest Group, Ltd., has appointed Bill Hazelton as Head of US Retail Casualty in North America. He replaces David Sandler who will be leaving the company to pursue other opportunities. Hazelto...
Posted: Jan 17, 2024
Aspen Insurance Holdings Limited has announced the appointment of Sarah Stanford as the interim CEO of Aspen UK, effective immediately. Stanford, currently serving as the Active Underwriter of Lloyd’s Syndicate 4711, representing approximate...
Posted: Jan 17, 2024
Independent specialist re/insurance broker, Miller, has hired Guy Carpenter’s Shaun Sinniah as Head of Reinsurance and Capital, in a move that is set to bolster the company’s reinsurance offering and international presence. In his new role,...
Posted: Jan 17, 2024
Global specialty insurer and reinsurer Chaucer has appointed Richard Milner as its new Group Chief Executive Officer (CEO), subject to local regulatory approval. As the Group CEO, Milner’s remit will include being responsible for the general...
Posted: Jan 17, 2024
Australian primary insurer Suncorp is reportedly dealing with nearly 28,000 total insurance claims (including more than 20,000 claims for homes) across Queensland, New South Wales and Victoria from the recent storms and flooding that have impacted...
Posted: Jan 17, 2024
The global economic cost of natural catastrophe events reached an estimated $357 billion in 2023, of which approximately 34%, or $123 billion was covered by re/insurance, as broker Gallagher Re reports an annual record of 34 individual billion-dol...
Posted: Jan 17, 2024
In a strategic move to bolster its technological capabilities, Arch Insurance North America has appointed Prabhu Venkataraman as Chief Information Officer (CIO). In his new role, Venkataraman will spearhead the implementation of technology and ser...
Posted: Jan 17, 2024
In an exclusive interview with China Daily, Joachim Wenning, Munich Re’s Chair of the board of management, said that the reinsurance giant currently books an annual premium income of approximately $2.19 billion in China, but expects this to...
Posted: Jan 17, 2024
CopperPoint Insurance Companies has announced the appointment of Thomas Bradley to the CopperPoint Mutual Insurance Holding Company Board of Directors. Bradley, a seasoned veteran with over 40 years of experience in the insurance industry, most re...
Posted: Jan 17, 2024
Marsh, the insurance broker and risk advisory business of Marsh McLennan, has announced that Rob Powell has resumed his role as Global Chief Claims Officer, based in London and reporting to Pat Donnelly, President, Marsh Specialty and Global Place...
Posted: Jan 17, 2024
Reinsurance Group of America, Incorporated has announced a strategic investment and exclusive global life and health reinsurance partnership with insurance technology company DigitalOwl. Yuval Man, Co-Founder and CEO of DigitalOwl, commented, R...
Posted: Jan 17, 2024
Global credit ratings agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to PanAsia Reinsurance Inc. (PanAsia Re), with the outlook assigned to these Credit Ratings be...
Posted: Jan 17, 2024
DUAL North America, a specialty program administrator and part of the DUAL Group, has appointed Dwain Chamberlain as Executive Vice President and Head of Specialty Healthcare, as the company launches its new Specialty Healthcare program. Chamberla...
Posted: Jan 16, 2024
North American digital managing general agent (MGA), Foxquilt has entered into a strategic and long-term capacity relationship with global specialty insurance provider, Markel, which is set to spearhead embedded insurance innovation for more small...
Posted: Jan 16, 2024